{"id":12419,"date":"2010-08-26T08:44:28","date_gmt":"2010-08-26T12:44:28","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12419"},"modified":"2010-08-26T08:44:28","modified_gmt":"2010-08-26T12:44:28","slug":"yen-and-franc-to-continue-to-strengthen","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/26\/yen-and-franc-to-continue-to-strengthen\/","title":{"rendered":"Yen and Franc to Continue to Strengthen"},"content":{"rendered":"<p><strong>By Russell Glaser <\/strong>&#8211; Traders  are waiting for signs of intervention from the Swiss National Bank  (SNB) or the Bank of Japan (BOJ) to halt the appreciation of the Swiss  franc and the Japanese yen. Until the central banks take action in the  open markets, continued strengthening of the currencies should prevail.<\/p>\n<p><em>Today\u2019s leading economic releases<\/em>:<\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/en\/calendar\">USD \u2013 Unemployment Claims -12:30 GMT<\/a><\/strong><\/p>\n<p>Weak unemployment continues to drag on the U.S. economy. The past 3  releases have been higher than the expected outcome. This week\u2019s data  should be no exception.<br \/>\nExpected: 488K. Previous: 500K.<\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/en\/calendar\">USD \u2013 Jackson Hole Symposium \u2013 All Day<\/a><\/strong><\/p>\n<p>U.S. central bankers will gather in Jackson Hole, Wyoming, to discuss  the state of the U.S. economy, monetary policy, and inflation.  Developments that come from the meeting may shed light on the Fed\u2019s next  plan of action for the U.S. economy and monetary policy.<\/p>\n<p>\u2022\tSupport and resistance for the EUR\/USD are found at the levels of 1.2470 and 1.2730.<\/p>\n<p>\u2022\tUntil the Swiss National Bank (SNB) intervenes in the open market,  the bullish trend for the franc should continue and the USD\/CHF will  target the 2010 low at 1.0125.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                    may not be suitable   for     all            investors.       There    is  a                  possibility           that             you   could       sustain a  loss       of  all     of       your                 investment and                therefore  you             should   not       invest        money    that     you              cannot    afford to            lose. You             should    be       aware  of        all       the     risks             associated     with       Foreign          Exchange          trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Russell Glaser &#8211; Traders are waiting for signs of intervention from the Swiss National Bank (SNB) or the Bank of Japan (BOJ) to halt the appreciation of the Swiss franc and the Japanese yen. Until the central banks take action in the open markets, continued strengthening of the currencies should prevail. Today\u2019s leading economic &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/26\/yen-and-franc-to-continue-to-strengthen\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Yen and Franc to Continue to Strengthen&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12419","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12419"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12419\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}